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Published on 2/10/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Fargo, N.D., calls $37.4 million Meritcare health systems bonds

By Melissa Kory

Cleveland, Feb. 10 - The City of Fargo, N.D., announced that it will redeem its $37.4 million of series 1996A Meritcare Obligated Group health system revenue bonds.

The redemption includes its $5,865,000 of 5.55% bonds due June 1, 2016 and its $31,535,000 of 5.375% bonds due June 1, 2027.

The bonds will be redeemed on March 11 at par, plus accrued interest to the redemption date.

U.S. Bank is the redemption agent.


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